Energy News

 

World's Largest Offshore Wind Project Reaches Milestone: First Turbine Installation Underway

Aug 03, 2023

The campaign to install the first of 277 turbines at the world’s largest offshore wind farm - the Dogger Bank Wind Farm in the UK - is underway, SSE Renewables said Thursday.The 260-meter-tall offshore wind turbines – each almost twice the height…

Prime Minister Sunak Defends Britain's Climate Record

Aug 02, 2023

British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…

Have Your Say: Irish Gov't Invites Views on South Coast Offshore Wind Projects

Aug 02, 2023

The Irish government has launched a public information and engagement period seeking the views of local South Coast communities to help determine where future offshore wind energy developments may take place. This follows the publication of…

Norway's Petoro Warns It is Harder to Electrify Oil, Gas Platforms

Aug 02, 2023

Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply.Petoro…

Yinson Acquires Atlanta FPSO. First Oil in Mid-2024

Aug 02, 2023

Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…

Wood, Shell in Multi-year Services Deal

Aug 02, 2023

Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…

BP, Equinor Seek Better Terms for U.S. East Coast Offshore Wind Projects

Aug 01, 2023

BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday.'We are in the midst of renegotiating our PPA (power purchase…

Floatel Secures 6-Month Contract for Floatel Triumph in Australia

Aug 01, 2023

Offshore accommodation rig provider Floatel International said Tuesday it had secured a contract for its Floatel Triumph semi-submersible unit in Australia.Floatel said that the contract was with 'a major Australian operator.' Under the six-month firm contract…

What is Carbon Capture and Storage and Will It Cut Emissions?

Aug 01, 2023

The UK government on Monday reaffirmed its support for projects to capture and store carbon dioxide emissions as part of its efforts to reach net zero goals and said two more projects would be able to begin negotiations to take them forward…

BOEM Announces Three Final Wind Energy Areas Offshore Delaware, Maryland, and Virginia

Aug 01, 2023

The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states…

Vårgrønn, Energia Group JV Plans to Develop 1.8 GW Offshore Wind Projects in Irish Waters

Aug 01, 2023

Offshore wind developer Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and the Irish renewable-focused integrated utility Energia Group, on Tuesday announced a partnership to codevelop offshore wind projects in Ireland with a potential to deliver total capacity up to 1…

BP Boosts Dividend Even as Profit Slumps 70% to $2.6B

Aug 01, 2023

BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%.Rivals Chevron, Exxon Mobil, Shell…

Goldman Upgrades Oil Demand Outlook as Market Tempers Growth Pessimism

Jul 31, 2023

Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook…

EEW SPC Delivers Final Monopiles for France's Calvados Offshore Wind Project

Jul 31, 2023

The last monopiles for France's Calvados offshore wind project were recently delivered by Germany-based EEW SPC.The delivery made at the end of June came almost exactly five months after the first loadout from EEW SPC's dock.All monopiles were loaded onto the 'Dongbang Giant No…

North Sea Oil Firm Awards Multi-Year Deals to Simon Møkster Shipping's PSVs

Jul 31, 2023

Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…

Current News

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Empire Energy Offshore, Sarens

Norway Invites Industry to Take Another Look at One of Its Largest Remaining Gas Discoveries

Norway Invites Industry to Tak

US FTC Greenlights Chevron-Hess Deal

US FTC Greenlights Chevron-Hes

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